October 30, 2013 8:02 am
West Texas Intermediate fell for a second day after a report by the American Petroleum Institute showed on Tuesday that U.S. crude inventories rose above projections last week to the highest since June. Projections for a confirmation by the Energy Information Administration fanned negative sentiment. Speculations that FOMCs meeting will conclude today with no change […]
Read moreOctober 29, 2013 3:54 pm
West Texas Intermediate crude remained lower for the first time in four days on expectations that a report by the Energy Information Administration will show U.S. crude supplies rose for a sixth straight week. Mixed U.S. economic data weighed on demand prospects, while a sharp drop in Libyas output provided some support. On the New […]
Read moreOctober 29, 2013 2:45 pm
Natural gas futures fell for a second day on Tuesday as weather forecasters predicted average temperatures in most of the U.S., limiting the power-station fuels demand prospects. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at $3.640 per million British thermal units at 14:44 GMT, down 0.59% on the […]
Read moreOctober 29, 2013 1:44 pm
Grain futures were mixed on Tuesday after the USDA reported yesterday that field work in the U.S. picked up last week while corn and wheat condition remained relatively the same. Outlook for unfavorable weather in the U.S., South America and Europe however limited losses. On the Chicago Board of Trade, soybeans futures for settlement in […]
Read moreOctober 29, 2013 9:46 am
Copper swung between gains and losses on Tuesday ahead of the two-day FOMC meeting which is expected to conclude with no change in Feds monetary policy, supporting demand outlook for raw materials. Gains were however limited by yesterdays weak U.S. manufacturing and housing data and expectations for downbeat retail sales and consumer confidence to be […]
Read moreOctober 29, 2013 8:50 am
Gold fell in the early European session after trading mostly higher but remained near yesterdays five-week high on broad market views the Federal Reserve will refrain from scaling back its monthly bond purchases at FOMCs upcoming two-day meeting. Soft physical demand weighed on prices. Silver, platinum and palladium fell. On the Comex division of the […]
Read moreOctober 29, 2013 7:43 am
Both West Texas Intermediate and Brent benchmarks fell on Tuesday ahead of EIAs weekly report that may show U.S. crude oil inventories rose to the highest since June last week, a sixth consecutive increase. Speculations the Federal Reserve will leave its bond buying program intact until the end of the year and a sharp drop […]
Read moreOctober 28, 2013 3:46 pm
Brent led the rebound in oil prices from last weeks decline after the Federal Reserve reported that U.S. industrial production rose in September at the fastest pace since February, while output in Libya fell to the lowest in six weeks after operations at its western port of Zawia were halted. On the New York Mercantile […]
Read moreOctober 28, 2013 2:58 pm
Gold swung between gains and losses on Monday and rose to the highest since September 19 in late European trading after U.S. pending home sales fell last month the most since May 2010, reinforcing speculations the Federal Reserve will refrain from trimming its quantitative easing program this year. Silver and palladium remained on negative territory, […]
Read moreOctober 28, 2013 11:16 am
Grain futures were mixed on Monday with corn slightly advancing, while soybeans and wheat posted a moderate decline as mostly favorable conditions in the U.S. and South America supported the crop outlook. On the Chicago Board of Trade, soybeans futures for settlement in January fell by 0.25% to $12.9013 per bushel by 11:10 GMT. Prices […]
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